2547 Commercial Street
San Diego, CA 92113
0.12 acres | #PTP2406048
Description
Leverage San Diego’s Complete Communities Plan for up to 6.5 FAR on this 5,146 square foot urban infill development site. Potential to build 35 or 49 units in a 55’ 5-story or 85’ 7-story multifamily building with up to 33,449 gross SF. Benefit from relaxed parking requirements and more design flexibility due to the site’s location in a Transit Priority Area. Lucrative CN-1-4 zoning offers the potential for commercial and mixed use. Located just east of Downtown San Diego in the Logan Heights neighborhood, the site is conveniently located next to the MTS Trolley Orange Line allowing easy transportation to employment centers across the region. The location of the site within an Opportunity Zone may allow developer to utilize incentives including capital gains tax breaks. Property currently has a small office building and lot is being used as small repairs for autos.
Property Details
- Lot DescriptionLevel, NearPark, Over40UnitsAcre, NearPublicTransit, StreetLevel, TearDown, ValueInLand
- ViewBay, Bridges, CityLights
- Original List Price$1,500,000
- MLS #PTP2406048
- MLS #PTP2406048
- CountySan Diego
- Property TypePurchase
- Cost1500000
- Acres0.1181
- Property SubtypeLand
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Frank Karako (#812985)
Listing Office: LPT Realty, Inc. (#89005)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
